India, July 30 -- The Centre on Wednesday said it has taken note of US President Donald Trump's announcement that India would face a 25 per cent tariff on certain exports starting August 1, and is studying its "implications".

"India and the US have been engaged in negotiations on concluding a fair, balanced, and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective," the Ministry of Commerce and Industry said in a statement. Follow tariff news live updates

The government also added that it remains committed to safeguarding India's economic interests, especially those of farmers, entrepreneurs, and MSMEs.

"The government attaches the utmost importance to protecting and promoting th...